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International oil prices closed up, cloth oil closed at US$71.35/barrel

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[International oil prices closed up at US$71.35/barrel]On Tuesday, Eastern Time, international oil prices closed at US$71.35/barrel. As of the close, New York July crude oil futures closed up 1.11 US dollars, or 1.64%, to 68.83 US dollars per barrel; Brent August crude oil futures closed up 1.10 US dollars, or 1.56%, to 71.35 US dollars per barrel.


Tuesday, Eastern Time, InternationalOil priceClose up, Bursa Oil closed at $71.35/barrel. As of the close, New York July crude oil futures closed up 1.11 US dollars, or 1.64%, to 68.83 US dollars per barrel; Brent August crude oil futures closed up 1.10 US dollars, or 1.56%, to 71.35 US dollars per barrel.

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On Tuesday, with the expected increase in demand from oil-producing countries and Saudi Arabia’s cautious view of increasing production, international crude oil futures continued to rise, and Brent crude oil rose above US$70 for the first time in two years. Looking at the next six months, before the end of this year, demand recovery will still be the theme. The global economic recovery is in the latter half of the process, oil demand is also ushering in the second half of rapid growth, and total demand continues to show an upward trend.

  Crude oil prices hit a new high! OPEC+ maintains the original production increase plan market or faces supply shortages

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On Tuesday evening, OPEC+ held a monthly production meeting and decided to maintain the original July production increase plan, that is, to relax crude oil production cuts in June and July. The OECD’s optimistic forecast of global economic growth in 2021 has boosted the outlook for crude oil demand. While crude oil demand is improving, inventories are in a hurry. OPEC+ previously predicted that the global oil market will be severely tight. If no further increase in production is made, oil inventories will fall sharply for the rest of this year.

(Article Source:Oriental wealthResearch center)

(Editor in charge: DF537)

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